Recent focus on optimizing oil production from deeper and therefore hotter reserves and in Europe & Russia is driving the demand for Subsea thermal insulation materials. The Middle East & Africa region is estimated to be the fastest growing region as the majority of reserves in Africa are offshore and the growing demand for oil points towards increased subsea operations.

1. MarketsandMarkets
Presents
Subsea Thermal Insulation Material Market worth
$142.30 Million by 2019

2. The report “Subsea Thermal Insulation Market by Type (Polyurethane, Polypropylene,
Silicone Rubber, Epoxy, Aerogel, and Others), by Application (Pipe-in-Pipe, Pipe Cover,
Equipment, Field Joints, and Others) - Regional Trends & Forecast to 2019” defines and
segments the subsea thermal insulation material market with an analysis and forecast of
value by type, such as polyurethane, polypropylene, silicone rubber, epoxy, and others.
Along with this, the value and volumes of subsea thermal insulation material by application
and region are also discussed in the report.

3. Browse >>
151 data tables
49 figures
174 pages and in-depth TOC on “Subsea Thermal Insulation Material
Market”.
Early buyers will receive 10% customization on this report.
The report also identifies the driving and restraining factors for subsea thermal
insulation material market with an analysis of drivers, restraints, opportunities, and
strengths. The market is segmented and the value has been forecasted on the basis of
important regions, such as Asia-Pacific, North America, Europe, the Middle East &
Africa, and Latin America. Further, the market is segmented and the demand and value
are forecasted on the basis of various key applications of subsea thermal insulation
material, such as dry (pipe-in-pipe) and wet (single pipeline, equipment, filed joints, and
others).

4. An important aspect of designing offshore production systems, particularly in deep
water, is providing sufficient thermal insulation. The fluids are produced at high
temperatures and equipment must be capable of maintaining the temperature of
fluids while submersed in deep water. The demand for oil is increasing at a rapid
rate and to meet this demand the oil & gas industry has developed new and safer
methods for exploring and commissioning offshore deep water wells. To meet the
rising oil demand, drilling activities have become deeper. To prevent the produced
fluid from turning cold, subsea lines (pipes) are insulated to maintain produced
liquid at a sufficiently high temperature to enable its flow through the pipes even in
the deep waters.
The global consumption of oil is witnessing a tremendous increase due to fast
growing demand for road and air transport, mainly in the developed countries. The
U.S. remains the largest consumer of oil followed by China. However, China is
projected to overtake the U.S. in terms of oil consumption by 2030. This is leading
to heavy offshore subsea activities.
Download PDF Brochure:
Deeper wells driving the demand for subsea thermal
insulation material market

5. The market for subsea thermal insulation material, in terms of value, is projected to reach
around $142.30 million by 2019, witnessing a CAGR of 4.80% between 2014 and 2019. In
terms of value, Europe & Russia followed by Middle East & Africa dominated the subsea
thermal insulation material market in 2013 and are expected to register a high CAGR by
2019. High demand for advanced insulation to maintain the thermal integrity of subsea
systems and increasing demand for oil from developed as well as developing counties in
Middle East & Africa, European, and North American region is leading to high demand of
subsea thermal insulation material. In Asia-Pacific, one third of increase in oil consumption
has been from China, which currently uses over 10% of world’s oil. This is projected to
generate high demand for subsea thermal insulation material market in Asia-Pacific by 2019.
Purchase a Copy of this Report Today:
Subsea Thermal Insulation Material Market value to reach $142.30
Million by 2019

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7. Contact Us
Mr. Rohan
North - Dominion Plaza,
17304 Preston Road,
Suite 800, Dallas, TX 75252
Tel: +1-888-6006-441
Email: sales@marketsandmarkets.com